Coinbase expands stablecoin push with investment in ProShares’ IQMM ETF

Kwon Crash

Published Jun 2, 2026, 4:20 PM UTC

Source: CryptoSource
- Coinbase is doubling down on stablecoins, investing in ProShares’ IQMM ETF to align with the GENIUS Act’s reserve requirements. Because apparently, the only thing more volatile than crypto markets is regulatory compliance. While moonboys chase 100x leverage, VCs are busy building boring, compliant infrastructure. It’s a classic case of "boring wins" vs. "degen loses." The GENIUS Act might kill the wild west vibe, but it ensures the casino doesn’t get shut down by the IRS. Smart money is hedging bets on regulation, not hoping for a loophole. If you’re still holding meme coins because you hate paperwork, you’re not an investor; you’re a tax liability waiting to happen. Coinbase knows the future isn’t just code; it’s legal cover. Adapt or get liquidated.